FINANCIAL MANAGEMENT FOR DECISION MAKERS

SHE Level 2
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M2N425067
Module Leader Stephen Barr
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimester
  • A (September start)

Pre-Requisite Knowledge

Fundamentals in financial management(or equivalent)

Summary of Content

-108 The module will consider aspects of accounting of key importance to management of entities. Students will be exposed to detailed analysis of accounting statements prepared using internationally recognised standards, short term and long term financing , financial governance, taxation and accounting techniques for decision making, planning and control. The module applies accounting to the needs of managers ensuring that students business knowledge will be broadened but will also value its relevance to their future career. The auditing function will allow for consideration of systems to ensure integrity of financial recording and reporting aligned to corporate governance principles in the pursuance of global corporate social responsibility. The percentage of Work Based Learning for this module, as represented by the independent learning "activity type" is 64%. There is no Work Based Assessment, but reflective learning is encouraged.

Syllabus

Interpretation of financial reports Finance: Working Capital Management , and sources of finance Auditing: The nature and scope of auditing within organisational governance Taxation: Basic Principles of income tax, corporate tax and value added tax Short-term decision Analysis : Cost and income behaviour, Relevant Costing, Pricing and Decision Making process Long term decision making: Capital Investment Appraisal Budgetary planning and control Standard costing Divisional performance management Transfer Pricing

Learning Outcomes

On successful completion of the module the student should be able to:1)Interpret and analyse financial statements 2) Explain the nature of working capital and appreciate the issues affecting each element3) Identify sources of finance available to a business and explain the role of the capital markets in the UK4) Understand and appreciate the role of the internal and external auditing within the corporate governance of organisations5) Demonstrate, from a financial planning perspective, an awareness of income tax, corporate tax and value added tax6) Comprehend cost and income behaviour and apply contribution theory and relevant costing to short term decision making7) Critically review the techniques for analysing long-term decision related costs and benefits, undertaking evaluations of capital investment proposals8) Appreciate the nature and scope of budgets and standards for planning and control purposes within profit/not-for profit organisations9) Evaluate the performance at divisional/organisational level within profit/not-for-profit organisations

Teaching / Learning Strategy

There will be one 2 hour lecture per week throughout the module primarily for the delivery of the syllabus and a 1 hour seminar every week. The lecture delivery will be enhanced by a variety of forms including, where appropriate, videos, computer based models and other multimedia forms. Case studies matching the theoretical concepts to real-world scenarios will be used at the end of each subject area. The lectures will be supported by the GCULearn which will only be available to registered students. This site will contain general material for students including summaries of the basic lecture material (Powerpoint), mock examination papers, assessment instruments and access to the www. Seminars will enable students to deal with a pre-set discussion and practical questions, to organise and monitor progress in assigned group work and to make appropriate peer group presentations. Supplementary clinic sessions will be programmed as required to meet any further identified needs of students during the delivery of the teaching and learning assessment content. Feedback will be provided to students as follows: 1. Students will be provided with feedback within three weeks of submission of all summative assessments providing information on strengths, weaknesses and suggestions for corrective action. The tutor will also provide feedback at the seminars where coursework will be handed back. Students may also discuss any points with their lecturer or tutor. 2. Formative feedback will be provided informally through seminar discussions on pre-prepared work. 3. Discussion boards will be used to encourage teacher and peer-to-peer dialogue on certain topic areas where this form of communication would be regarded as effective. Student feedback on teaching, learning and assessment will be sought at the end of the semester through a module evaluation questionnaire. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission. Work Based Education aims to maximise the direct contact time with students by practicing teaching and learning strategies that use authentic work based scenarios and encourage action learning, enquiry based learning, problem based learning and peer learning. All these approaches aim to directly involve the students in the process of learning and to encourage sharing of learning between students.

Indicative Reading

Customised Textbook, FT Prentice Hall -567 Online sources: Module Web site on Blackboard VLE Companion Web site to accompany customised textbook -567

Transferrable Skills

-108 By the end of this module students will have gained competence in the following key areas: Students will develop group working, oral group communication and presentation skills. Moreover they will enhance their numerical and written skills. An ability to solve problems, make decisions and assumptions by selecting, evaluation and interpreting data will underpin the module content. Use of information technology e.g. www and software applications for commuication, presentation and learning will be embessed in the teaching, learning and assessment content.

Module Structure

Activity Total Hours
Lectures (FT) 22.00
Seminars (FT) 11.00
Assessment (FT) 40.00
Independent Learning (FT) 127.00

Assessment Methods

Component Duration Weighting Threshold Description
Group Rep n/a 40.00 35% Group report 2000 words
Exam (Exams Office) 2.00 60.00 35% 2 hour unseen exam